China's UISEE hits fresh high on new deal with Xinjiang Airport
BUZZ-China's UISEE hits fresh high on new deal with Xinjiang Airport ** Shares of Level 4 autonomous driving technology and solutions provider UISEE Technologies (Beijing) 1511.HK jump 19.5% to HK$77.8, highest since debut in Hong Kong on May 20
** Stock set for the biggest one-day pct gain since listing
** China-based Level 4 autonomous driving technology group said it won another bid for ten autonomous buses and six unmanned delivery vehicles from Xinjiang Airport Group, further to a strategic cooperation deal with Xinjiang Airport in March
** Co says the successful bid further expands presence of its autonomous driving services in the airport and improve the airport's intelligent ground transportation network
** Stock up 29% from the offer price of HK$60.30 apiece
** YTD, Hang Seng TECH Index .HSTECH down 0.7%
(Reporting by Donny Kwok)
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China's UISEE hits fresh high on new deal with Xinjiang Airport